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Mandalay Resources Corporation Announces Changes to its Management Team and Announces Annual General and Special Meeting Date

 Mandalay Resources Corporation Announces Changes to its Management Team and
              Announces Annual General and Special Meeting Date

  PR Newswire

  TORONTO, March 19, 2013

TORONTO, March 19, 2013 /PRNewswire/ --

Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) is
pleased to announce that its Board of Directors have approved changes to the
Company's senior management team. Effective today, Mark Sander has been
promoted from Chief Operating Officer of the Company to President, Dominic
Duffy, formerly General Manager, Cerro Bayo Operations has been promoted to
Chief Operating Officer, and Kalenci Flores has been appointed General
Manager, Cerro Bayo Operations.

Brad Mills, Chief Executive Officer and Director of Mandalay, commented "We
are excited by this positive development in our Company's management team. We
believe these appointments strengthen our Company's leadership and are
important to the continued future growth of Mandalay. We are pleased to
welcome Dr. Sander, Mr. Duffy, and Mr. Flores to their new roles."

Dr. Mark Sander holds a PhD in Ore Deposits and Exploration from Stanford
University (USA) and has been active in the mineral resource industry for the
last 25 years in operations, strategy and exploration, with a focus on copper,
gold and platinum projects. Prior to joining Mandalay, Dr. Sander's industry
experience included serving as Vice President of Strategy and Planning for BHP
Billiton's copper group.

Dominic Duffy holds a BEng in Mining Engineering from the University of New
South Wales (Sydney, Australia). Mr. Duffy has extensive technical and
operational management experience having worked at numerous operations
throughout Australia and Latin America. Prior to joining Mandalay, Mr. Duffy
most recently worked for Coeur d'Alene Mines and Hecla Mining Company in South
America.

Kalenci Flores is a mining engineer who holds a degree from the Universidad de
Oriente in Ciudad Bolivar, Venezuela. Mr. Flores has over ten years of
experience, having worked for several multinational mining companies in
Venezuela, Argentina, and Chile. Mr. Flores has extensive experience in both
technical service and management roles specializing in underground mining
operations. Prior to joining Mandalay, Mr. Flores worked for Coeur d'Alene
Mines.

Annual General and Special Meeting

Mandalay's Annual General and Special Meeting will be held in Toronto at
Fairmont Royal York, Library room on Wednesday, May 15, 2013 at 11 am.

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing
assets in Australia and producing and exploration projects in Chile. The
Company is focused on executing a roll-up strategy, creating critical mass by
aggregating advanced or in-production gold, copper, silver and antimony
projects in Australia and the Americas to generate near-term cash flow and
shareholder value.

For further information:

Bradford Mills Chief Executive OfficerGreg DiTomaso

Investor Relations Contact: +1-647-260-1566